41 h. ago Our View: Politicians cooperating with the EAC unions that protect EAC’s monopoly

Disy deputy Kyriakos Hadjiyiannis was perfectly justified to censure President Nicos Christodoulides for his “highly unlawful” intervention in the setting of the electricity authority’s new tariff. The tariff increase of 7.5 per cent, which was requested by the EAC and is linked to the authority’s 10-year development programme, had been approved by the Cyprus Energy […]

Politics

53 h. ago ‘There is no way’ electricity bills will go up by 9.5% – Minister

Energy Minister George Papanastasiou on Wednesday said there is “no way” that consumer electricity bills will go up by 9.5 per cent. Speaking after the day’s cabinet meeting, he described assertions that bills would rise by such an amount as “unrealistic” and “mass-market fiction”. “There is no way that such a thing will happen. The […]

Politics

3 d. ago Christodoulides’ intervention over electricity bills ‘illegal’

House energy committee chairman and Disy MP Kyriakos Hadjiyiannis on Tuesday lambasted President Nikos Christodoulides’ “highly illegal” intervention over the matter of forthcoming rises in electricity bills, describing it as a “great political blunder”. “The electricity authority [EAC] told us that it requested an increase of 7.5 per cent plus value added tax, which comes […]

Events

1 week ago Despite presidential pleas, Cyprus electricity bills set to rise again

Despite presidential pleas, Cyprus electricity bills set to rise again  Kathimerini.com.cy

Politics

1 week ago Minister: I can’t tell if prices will go down after electricity privatisation

Energy Minister George Papanastasiou on Monday said he “cannot tell” if consumers’ energy bills will go down after Cyprus’ electricity grid is opened to private companies. “I cannot tell you whether the price will go down, because this particular model, namely the ‘target model’, has not been tested in small markets such as in Cyprus,” […]

Politics

2 w. ago Minister unsure whether privatisation will make energy bills cheaper

Energy Minister George Papanastasiou on Friday said he is unsure whether the opening of Cyprus’ electricity grid to private companies will lower people’s electricity bills. Speaking to the Cyprus News Agency, he said that in large electricity markets, prices typically remain stable when private first companies are allowed to enter, with them then falling later […]

Politics

2 w. ago EAC sends €20 vouchers for LED bulbs to vulnerable consumers

The Electricity Authority (EAC) has sent out vouchers worth €20 each to vulnerable consumers for the purchase of energy-efficient LED bulbs, to replace their old ones, with the aim of reducing their electricity bills. The vouchers, valid till the end of June, include Braille for the visually impaired, the EAC said on Tuesday. Consumers can […]

Politics